Appropriateness of South Africa's Policies (Grade 12 NSC Matric Economics): Flashcards

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Appropriateness of South Africa's Policies
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GEAR policy outcome on economic growth

Failed to achieve expected increase in economic growth

ASGISA main objective achievement

Failed - unemployment remained stubbornly high

National Industrial Policy Framework appropriateness

Appropriate, aligns with international best practices

SDIs (Spatial Development Initiatives) results

Disappointing - growth rates below expectations

Small business development programme success

Reasonable success, especially for women & young people

Global recession impact on SA manufacturing

Devastating impact, disrupted industrial development plans

Rising electricity & logistics costs effect

Hurt smaller businesses, forced many into bankruptcy

Workers-to-the-work approach definition

Workers move to areas where job opportunities exist

Work-to-workers approach effectiveness

Most effective way to address long-term structural unemployment

BEE strategy international alignment

Aligns with UN & World Bank approaches for indigenous development

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